SBR prices in the European market continue to remain stable amidst increased sales in the tyre and automotive industries, while posing a potential incline in coming weeks. Key factors influencing the final prices of SBR include Styrene and Butadiene, the monomers necessary for SBR polymerization. Additionally, the dynamics of SBR prices usually influenced by imports from the Asian market to Europe. As a result, the demand-supply chain for SBR in Europe is under strain, exacerbated by geopolitical tensions affecting global trade routes and shipping costs. SBR price quotations reached USD xxxx per metric ton, FD Wuppertal, for the week ending February xxrd, xxxx.
However, at the same time, passenger car deliveries in Europe increased by xx percent in January as automakers like Volkswagen Group and Stellantis capitalized on order backlogs and a rebound in demand for electric vehicles, tyres, and rubber industries. According to data from...
